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Required: a . Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage. b . Calculate the amount that
Required:
a Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.
b Calculate the amount that should be shown on the balance sheet for common stock at June
c What was the average issue price of common stock shown on the June balance sheet?
d How many shares of treasury stock does DeZurik Corporation own at June
e Assume that the treasury shares were purchased for $ per share. Calculate the amount that should be shown on the balance
sheet for treasury stock at June
f Calculate the retained earnings balance at June after you have completed parts a to eHint: Keep in mind that Treasury
Stock is a contra account.
g Assume that the Retained Earnings balance on July was $in thousands and that net income for the year ended
June was $in thousands The preferred dividends were paid in full, and no other dividend transactions were
recorded during the year. Verify that the amount shown in the solution to part is correct. Hint: Prepare a statement of retained
earnings or do a Taccount analysis to determine the June balance.
Complete this question by entering your answers in the tabs below.
Req A
Req to
Req and
Req G
b Calculate the amount that should be shown on the balance sheet for common stock at June
Note: Enter your answer in thousands of dollars.
c What was the average issue price of common stock shown on the June balance sheet?
Note: Round your answer to decimal places. eg
d How many shares of treasury stock does DeZurik Corporated own at June
b Balance sheet amount for common stock
c Average issue price of common stock
d Treasury shares Required:
a Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.
b Calculate the amount that should be shown on the balance sheet for common stock at June
c What was the average issue price of common stock shown on the June balance sheet?
d How many shares of treasury stock does DeZurik Corporation own at June
e Assume that the treasury shares were purchased for $ per share. Calculate the amount that should be shown on the balance
sheet for treasury stock at June
f Calculate the retained earnings balance at June after you have completed parts a to eHint: Keep in mind that Treasury
Stock is a contra account.
g Assume that the Retained Earnings balance on July was $in thousands and that net income for the year ended
June was $in thousands The preferred dividends were paid in full, and no other dividend transactions were
recorded during the year. Verify that the amount shown in the solution to part is correct. Hint: Prepare a statement of retained
ea DeZurik Corporation had the following stockholders' equity section in its June balance sheet in thousands, except share
and per share amounts:
Required:
a Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.
b Calculate the amount that should be shown on the balance sheet for common stock at June
c What was the average issue price of common stock shown on the June balance sheet?
d How many shares of treasury stock does DeZurik Corporation own at June
e Assume that the treasury shares were purchased for $ per share. Calculate the amount that should be shown on the bance
sheet for treasury stock at June
f Calculate the retained earnings balance at June after you have completed parts a to eHint: Keep in mind that Treasury
Stock is a contra account.
g Assume that the Retained Earnings balance on July was $in thousands and that net income for the year ended
June was $in thousands The preferred dividends were paid in full, and no other dividend transactions were
recorded during the year. Verify that the amount shown in the solution to part is correct. Hint: Prepare a statement of retained
earnings or do a Taccount analysis to determine the June balance.
Complete this question by entering your answers in the tabs below.
Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.
Note: Round your answers to decimal places. eg
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